Strawberry Hill, Surrey - October 2026 Real Estate Report
Strawberry Hill, Surrey: Prices Are Holding, But the Market Is Catching Its Breath
If you own a home in Strawberry Hill and you haven't checked your property value lately, now is the time. The city's assessment is already behind the curve - and the gap between what the government says your place is worth and what a buyer would actually pay is wider than most people realize.
The Vibe: What's Happening Right Now in Strawberry Hill
Let's break it down by property type, because houses and condos are telling two different stories right now.
Houses - Steady, But Softening
Our houses are holding their value better than you might expect given the broader market. Six homes sold recently, and the average sale price sits at $1,155,833 - essentially flat from last month. Price per square foot is around $564. That stability is good news if you're a seller.
The honest part? The predicted market value for houses is $1,167,823, and that number is drifting down from the 3-month moving average of $1,182,106. Values have slipped 1.69% recently. It's not a freefall - it's a slow exhale. But it's worth paying attention to.
- Average sale price: $1,155,833
- Price per square foot: $564
- Predicted market value: $1,167,823
- 3-month moving average: $1,182,106
- Recent value change: -1.69%
- Estimated monthly rent: $4,614
- Rental yield: 4.54%
- Growth rank in Surrey: 35 out of 41 - bottom tier
- Price rank in Surrey: 20 out of 45 - above average
On the neighbourhood leaderboard, our houses rank 35th out of 41 Surrey neighbourhoods for growth. That puts us near the bottom for momentum right now. The silver lining - we're ranked 20th out of 45 for price, which means Strawberry Hill houses are still considered above average in value compared to most of Surrey.
Condos - A Brighter Spot
Condos here are actually showing some life. Three units sold recently at an average of $430,667, with a price per square foot around $480. The predicted market value is $556,130 - and that number is climbing, up from the 3-month moving average of $552,158. Values have moved up 1.16% recently.
- Average sale price: $430,667
- Price per square foot: $480
- Predicted market value: $556,130
- 3-month moving average: $552,158
- Recent value change: +1.16%
- Estimated monthly rent: $2,671
- Rental yield: 3.79%
- Growth rank in Surrey: 13 out of 44 - above average
- Price rank in Surrey: 21 out of 27 - below average
On the condo leaderboard, we rank 13th out of 44 Surrey neighbourhoods for growth. That's a genuinely solid position. The trade-off is that our condos are priced below average compared to nearby areas - West Newton North condos sold at $475,000 on average versus our $430,667. If you own a condo here, that gap is worth knowing about.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing about your BC Assessment notice. It reflects a snapshot from July 1st of the previous year. The market has moved since then - and in some cases, moved a lot.
For houses in Strawberry Hill, the average assessed value is $1,148,181. The average HonestDoor Price is $1,159,743. That's a difference of about $11,500 - and the HonestDoor Price is updated in real time using actual sales data, not a once-a-year government estimate.
For condos, the gap is even bigger. The average assessed value is $509,194. The average HonestDoor Price is $544,074 - that's 6.85% higher than the assessed value. If you're a condo owner and you're basing any financial decision on your assessment, you could be leaving real money on the table.
The HonestDoor Price is the real-world check. It's what the market is actually saying your property is worth today - not what a government formula calculated from last summer's data.
The So What - Should You Sell in Strawberry Hill This Summer?
If you own a house, the window is open but it's not getting wider. Values are above the city's assessment, but the predicted price is trending down from its 3-month average. Waiting could mean selling into a softer number. If you've been thinking about listing, this summer makes more sense than next spring.
If you own a condo, the picture is actually improving. Values are ticking up, and the growth rank of 13th in Surrey means we're outperforming most of the city right now. That's a decent position to sell from - or to hold and collect rent at an estimated $2,671 per month.
Either way, the first step is knowing your real number. Not the assessment. Not a neighbour's guess. Check your HonestDoor Price, see where you actually stand, and make the call from there.
- Houses: 22 transactions in 2026, 3,921 properties assessed
- Condos: 21 transactions in 2026, 1,934 properties assessed
- House rental estimate: $4,589 per month
- Condo rental estimate: $2,622 per month
- House Airbnb estimate: $228 per night (Surrey Airbnb rank: 39)
- Condo Airbnb estimate: $130 per night (Surrey Airbnb rank: 36)
- Strawberry Hill house transaction rank in Surrey: 10th - one of the busiest
- Strawberry Hill condo transaction rank in Surrey: 3rd - very active
Strawberry Hill is not the flashiest neighbourhood on Surrey's leaderboard right now. But it's active, it's priced fairly, and if you know your real numbers, you can make a smart move. That's what we're here for.
strawberry hill | surrey | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.